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1. In the general journal, reversing entries are dated as of
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Asked 10/3/2012 4:34:41 PM
Updated 3/4/2015 8:44:49 AM
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User: 1. In the general journal, reversing entries are dated as of

Weegy: The process of reversing entries will back out certain accrual entries from the previous period. The company records the original entry in one period and reverses it the next period. [ The accrual entries that need reversing consist of those entries that affect automated processes, such as payroll or invoicing. ]
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Asked 10/3/2012 4:34:41 PM
Updated 3/4/2015 8:44:49 AM
1 Answer/Comment
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In the general journal, reversing entries are dated as of the first date of the accounting period.
Added 3/4/2015 8:44:48 AM
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